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HR 3420 112th Congress House

Philanthropic Facilitation Act

Official title: To amend the Internal Revenue Code of 1986 to facilitate program-related investments by private foundations.

Introduced: March 29, 2012 See on congress.gov
Taxation Administrative remediesBusiness investment and capitalBusiness recordsDepartment of the Treasury
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Government information and archivesIncome tax deductionsInternal Revenue Service (IRS)Judicial review and appealsSales and excise taxesSocial work, volunteer service, charitable organizationsTax administration and collection, taxpayersTax-exempt organizations
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 14, 2011
Referred to the House Committee on Ways and Means.
Nov 14, 2011
Introduced in House
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 Latest action November 14, 2011

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Philanthropic Facilitation Act - Amends the Internal Revenue Code to: (1) expand the definition of, and requirements relating to, "program-related investments" made by private foundations to for-profit entities to further certain charitable purposes; (2) allow a judicial determination (i.e., declaratory judgment) as to whether investments in any entity qualify as program-related investments; (3) require expanded reporting by for-profit entities that receive program-related investments of their gross income, expenses, disbursements, and other information; and (4) allow public inspection of any petition seeking a determination that an investment by a private foundation is a program-related investment and of any information reported by organizations receiving program-related investments.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1
HINCHEY, MAURICE
· Apr 16, 2012
 D
Tonko, Paul
New York · Mar 29, 2012
Polis, Jared
· Nov 14, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3420: Philanthropic Facilitation Act. 112th Congress. Open America. https://openamerica.io/bill/112-HR-3420/
MLA
"H.R. 3420: Philanthropic Facilitation Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-3420/.
Bluebook (legal)
H.R. 3420, 112th Cong. (2026), https://openamerica.io/bill/112-HR-3420/.
Markdown link
[H.R. 3420: Philanthropic Facilitation Act](https://openamerica.io/bill/112-HR-3420/)
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